The table below details our supplier value measures and targets to 2025. It reports our performance and demonstrates progress by innovating in partnership with suppliers in the delivery of our purpose.
Performance highlights in 2022 include:
- Awarded one of the first ‘Fast Payer Awards’ by Good Business Pays.
- 90 per cent of our targeted suppliers signed up to our Responsible Sourcing Principles.
- Our activities support around 17,700 jobs in the supply chain, and the acceleration of around £500 million of capital expenditure into the first three years of AMP7 will continue to play a part in helping to generate jobs and income for the North West economy.
To understand the verification process for our data, please see CR reporting.
From 2020-21 onwards we have adopted a new set of measures for suppliers to demonstrate how we are fulfilling our purpose which is why there is no trend data this year. The progress we have already made to operate in a responsible manner is demonstrated in our 2015-20 measures and targets performance.
|Measure||Target to 2025||2021/22 Performance||2020/21 Performance|
|Invoices paid within 60 days||At least 95%||99.34%||99.55%|
|Average time taken to pay invoices||<28 days||13||13|
|% suppliers in high risk categories, as identified by sustainability risk assessments, covered by enhanced due diligence audits||5%||Delivery scheduled from 2022||Delivery scheduled from 2021|
|% of partner and strategic suppliers that have sustainability risk assessment in place||75%||72%||35%|
|Supplier Relationships Management score||90%||54%||69%|
|% of targeted suppliers signed up to United Supply Chain||100%||90%||38%|
|CIPS ethical mark||Retain annual accreditation||Retained||Retained|
|Savings delivered through innovation and efficiency||£40 million||£6.388 million||£3.9 million|
The progress we have already made to operate in a responsible manner is demonstrated in our 2015-20 measures and targets performance.